CBI in August 2018 sent a request to the UK through the Ministry of External Affairs to extradite Nirav Modi.
Nirav Modi is wanted as he carried out a 13,000-crore fraud with Punjab National Bank in collusion with his uncle Mehul Choksi. He has fled to the UK and now the CBI is ready to extend all necessary help to UK for his extradition.
Last August, CBI had sent a request to extradite Nirav Modi through the Ministry of External Affairs after a confirmation from UK government that he was in their country. CBI is now waiting for a response from London regarding his extradition.
UK government has responded to the red corner notice filed against Nirav Modi last June.
Nitin Wakankar, agency spokesperson said, “We are willing to extend all help to the United Kingdom through External Affairs Ministry in ensuring extradition of Nirav Modi,”.
Nirav Modi fled to UK after carrying out a fraud worth 13,000 crores with the Punjab National bank by using letter of undertaking in collision with his uncle Mehul Choksi. He was also spotted in a tiny neighborhood in London.
Punjab bank lodged a complaint against him and his uncle and On January 31, CBI registered an FIR against him. Another FIR has also been filed against him by the agency.
FIR also mentioned his brother and wife as accused. His wife Ami, who is a US citizen, his brother Nishal who is a Belgian citizen and his uncle Mehul Choksi, promoter of Gitanjali group also fled the country in January.
He is charged for cheating the bank by providing fraudulent letters of undertaking and foreign letters of credit.
CBI has prepared a separate charge sheet for Nirav Modi and Mehul Choksi. CBI has now approached the Interpol for a Red Corner notice to bring back Nirav Modi and present him in the court to face trial regarding the case.
CBI filed a charge sheet on May 14 which says Nirav Modi used his companies and siphoned off the funds 6498.20 crores by providing false LOU.
Mehul Choksi is involved in the biggest banking scams of the country by swindling 7080. 86 crores from the bank.